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Thursday, September 08, 2016 5:18:17 PM
I'd assume that the financing is going to be lower than today's pps, REGARDLESS of the 200K last minute buy. We'll call that bad timing just to eliminate the possibility that someone knew of the financing announcement. Because if they did know about the financing announcement - and the general consensus is that the pps will be lower than today, then why buy at all today? Unless buying today is based on the fact that the financing will adequately address Titan's needs during the time necessary to get to design freeze and CE application.
Also, if the market is not rational then the pps will go lower, but for how long before it rebounds back above where we are today? The market will react to the announcement of a new CoB and Dr. Fowler's replacement. And if there is an announcement of changes to the business time line.
Who ever decides to sell better have great timing, luck and a very clear view of the future. GLTA
Regards,
BK
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